For 2003, the maximum amount anyone can contribute to a 401(k) plan is $12,000 except for catch-up contributions for employees age 50 or over, it is $14,000. There are several different limits that apply to a 401(k) plan in addition to the overall contribution limit. The maximum you can contribute will depend on your salary and the type of 401(k) plan to which you are contributing.

The rules for retirement plans are complex. Your plan administrator should have written information about your particular plan that explains these limitations as well as other regulations that apply.

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